Blend Labs Inc reports results for the quarter ended March 31 - Earnings Summary

• Blend Labs Inc BLND.N reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of five analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents tozero cents per share.

• Revenue fell 23.4% to $26.77 million from a year ago; analysts expected $37.86 million.

• Blend Labs Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $14.69 million.

• Blend Labs Inc shares had fallen by 1.8% this quarter and lost 21.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 233.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Blend Labs Inc is $5.13

This summary was machine generated from LSEG data May 9 at 08:08 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)